🐋 Trading volume over $XAN 5 minutes was about $2.65 million, 16.2 times the previous average; the price rose 19.53% over the same period.
When trading volume surges, many people instinctively assume big money is moving in, but it’s not that simple.
Trading volume is the quantity traded over a period of time; turnover is that quantity converted into monetary value. The volume multiplier here compares this period with the average over the preceding period.
It’s much more prudent to size your position based on where you place your stop-loss than to pick a position size on a whim.
When trading volume surges, many people instinctively assume big money is moving in, but it’s not that simple.
Trading volume is the quantity traded over a period of time; turnover is that quantity converted into monetary value. The volume multiplier here compares this period with the average over the preceding period.
It’s much more prudent to size your position based on where you place your stop-loss than to pick a position size on a whim.
